Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Justin Muccigrosso (Muccigrosso), previously associated with Guggenheim Funds Distributors, LLC, has at least one disclosable event. These events include one tax lien, alleging that Muccigrosso recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on December 26, 2024.
Without admitting or denying the findings, Muccigrosso consented to the sanctions and to the entry of findings that he improperly used funds of his member firm by submitting $3,072.62 in meal expenses, pertaining to 88 meals, even though they did not comply with firm policy. The findings stated that Muccigrosso’s firm allowed employees to charge overtime meals if they worked in their assigned firm office beyond 8 p.m. on weekdays or for four hours or more on weekends or firm holidays and consumed the meal on-site at their assigned firm office. Muccigrosso had meals delivered to a firm which he was not assigned or working. The office was located near Muccigrosso’s personal residence, and, in many cases, Muccigrosso left delivery notes instructing that the meals be delivered to his residential address. Muccigrosso later repaid the firm after the expenses were identified as improper.
